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Kroger gains from online sales: Ryan English Quoted in Cincinnati Business Courier

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Ryan English spoke with Steve Watkins of the Cincinnati Business Courier about Kroger’s online sales.

Here is an excerpt from the story published on December 2:

Ryan English, investment manager and shareholder at Kenwood-based investment management firm Foster & Motley, pointed out Kroger’s high growth of online sales still leaves that segment at less than 10% of the company’s total sales.

“Of course, Covid has accelerated the adoption of online grocery shopping,” English told me. “Consumers have experienced the convenience of not going to the grocery store and gained comfort with someone else selecting their food items.

“It is extremely important for Kroger to execute during this transition in order to maintain their retail grocery market share. You never want a competitor to offer your customers an easier and more convenient way to purchase the products you sell. Kroger understands this and is making the right investments. They also have the benefit of an existing loyal and recurring customer base.”

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